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Bradmer announces 2007 fourth quarter and fiscal year operational and financial results
Date:3/12/2008

69

------------- ------------- ------------- -------------

(3,465,036) (2,568,160) (9,035,414) (4,170,141)

Changes in

non-cash

working capital

items

Amounts

receivable 12,692 (167) (66,637) (52,696)

Prepaid

expenses 24,960 19,721 (13,397) (10,632)

Accounts

payable and

accrued

liabilities 1,147,682 1,295,766 451,125 871,628

------------- ------------- ------------- -------------

(2,279,702) (1,252,840) (8,664,323) (3,361,841)

Cash flows from

investing

activities

Investment in

patent rights (50,709) (81,217) (267,117) (344,777)

------------- ------------- ------------- -------------

Cash flows from

financing

activities

Issuance of

capital stock,

net of share

issue costs - - 19,588,150 12,086,713

Issuance of

capital stock

upon exercise

of stock

options - - - 6,000

Issuance of

capital stock

upon exercise

of warrants - - - 2,414

Cash of former

Bradmer upon

amalgamation - - - 563,405

Promissory note

due to related

party - - - (401,210)

Repurchase of

shares from

employee (800) - (800) -

------------- ------------- ------------- -------------

(800) - 19
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SOURCE Bradmer Pharmaceuticals Inc.
Copyright©2008 PR Newswire.
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